Ortiz Corporation runs two convenience stores, one in Connecticut and one in Rhode Island. Operating income for each store in 2020 is as follows: (Click to view the operating income for the stores.) (Click the icon to view the add-or-drop segments information.) Read the requirements Requirement 1. By closing down the Rhode Island store, Ortiz can reduce overall corporate overhead costs by $50,000. Calculate Ortiz's operating income if it closes the Rhode Island store. Is Maria Lopez's statement about the effect of closing the Rhode Island store correct? Explain Begin by calculating Ortiz's operating income if it closes the Rhode Island store. (Complete all input fields. Enter losses in revenues as a negative amount. Enter a "0" if the cost is not relevant If the net effect is an operating loss enter the amount with parentheses or a minus sign) Revenues Operating costs Cost of goods sold Lease rent (renewable each year) Labor costs (paid on an hourly basis) Depreciation of equipment Utilities (electricity, heating) Corporate overhead (Loss in Revenues) Savings in Costs